trio_jeepy
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Gold is an odd commodity in that its demand characteristics are generally not associated with any industrial demand. That is, the price of gold has more to do with people wanting it because it is considered a store of value, rather than people wanting it because they need to use it for something. This leads to a somewhat circular relationship - people want to buy gold because they think it stores value because people want to buy it.
That said, gold tends to fairly reliably appreciate during times of unstable economics and expected inflation. Given that the Fed is considered likely to continue lowering interest rates, weakening the US dollar vs. other currencies, this tends to drive gold prices higher.
In my opinion, because of these factors, gold is likely to continue rising through the year. That said, it is a very risky commodity and tends to go up slowly and steadily, but drop like a rock when it drops. I own gold, but caveat emptor. |
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Califrich
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I have about 5% of my portfolio invested in gold. In the past few months, it has risen 14%. We are in a bull market in commodities that could last for many years. I expect that gold will at least double from current levels -- in inflation-adjusted terms, that wouldn't even represent an all-time high. Other commodities -- wheat, corn, sugar, aluminum -- are also likely to be good investments for many years to come. |
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raysor
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yes, looks like it is going to $1000. For how to invest in gold, see my article http://www.shareworld.co.uk |
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Nvr2soon
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It should be around 10% of your portfolio. Not just in the good times but all the time. |
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bud68
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Gold is very volatile and is traditionally an inflation hedge. |
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Baby xinh 9x
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Never invest in a commodity that at is currently at a all-time high. Invest low, sell high. It may continue to rise but that is a big "if", it could just as easily bottom out tomorrow. Invest wisely in a portfolio that is widely diversified so as to minimize your risk. |
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Kevin C
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With US interest rates being cut, the dollar will keep falling and US gold should go over $1,000 per oz! Personally, I also invest in real gold nuggets. The larger nuggets are very rare and command a premium over spot gold. My favorite site for gold nuggets is:
http://www.california-gold-rush-miner.us |
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Robertas D
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I would invest in gold. Why? Because always the demand for gold is going to rise, because no one can make more of it. So when the demand is high, the prices go up. |
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misskate12001
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No. Investing in gold is a bad idea. Talk to a financial adviser about the various ways you can invest to secure your financial future. |
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Dom
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Nope. There are a million questions about gold. With gold since it doesn't have earnings, you have no idea if when you buy it is a great deal or you are getting ripped off. Do you choose stocks by looking at the historical chart and nothing else?
Maybe you can make money and maybe you can't. I sleep better when I KNOW I bought a good investment. |
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evermore
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You can open an free Marketiva forex goldfundindexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account.
http://www-forex.spaces.live.com |
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Ted
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Sure. Some people say, "don't buy it; it's too high" but if you wait until the price goes down, then you're buying something that's on a downward trend. Buy with the uptrend and sell when the trend runs out of steam. As far as the contributor who said "buy gold; they can't make more": Have you are heard of gold mines? |
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Kelsey
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I wouldn't do it at all. Investing in gold is very tricky and difficult. (I know from experience) Please listen, you will really regret it!!!!! |
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Rick B
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No. I would not recommend investing in gold. Yes, it may keep going up. You might want to invest in stocks tied to gold - mining companies, natural resource stocks, jewelry stores, etc. Or mutual funds with holdings in them.
A diversified portfolio of quality mutual funds and lots of time are the best ways to invest. As the economy gets bad, investing in stocks and mutual funds becomes more of a bargain. |
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future president
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I dont belive so My mother invested in gold once she didnt get much out of that it all depends on how much you are investing... |
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